A scenario that happens many times. This company has over 1.2 billion shares total from what I have obtained from the filings...
"On May 26, 2017, Green Leaf Farms Holdings, LLC, a majority-owned subsidiary of Player’s Network, Inc., was licensed by the State of Nevada, Department of Health and Human Services, Division of Public and Behavioral Health, as both a Medical Marijuana Production Establishment and a Medical Marijuana Cultivation Establishment."
(2)Majority-owned subsidiary formed on July 8, 2014, in which PNTV retained 83% ownership, with the remaining 17% held by key experts and advisors. An additional 1.6% was sold to an investor on December 8, 2014 and 3% was transferred back from a founding member on December 2, 2015, giving PNTV 84.4% ownership and minority interests ownership of 15.6%. The form of the entity was changed from a Corporation to a Limited Liability Company on May 9, 2017 at which time the name was changed from Green Leaf Farms Holdings, Inc. to GLFH, LLC.
I would bet this penny company like many others will have a new shell corp ready to list GLFH with another symbol with PNTV just being the holding company. When the spin off happens, if it happens you might get a few extra shares. Although at that point your invest will per pot will be largely divested away from you at some extent but not completely as you are left holding PNTV. At that point all the attraction will be with GLFH who they changed the name and already incorporated just this year. I am not saying this will happen but it sure makes it easier to clean up the dismal finances and start fresh with a newly listed company with plenty of new shares to sell. This is my opinion and what I have seen many times take place with these kinda of stocks..
3 months ago in a video when Mark was then a one man corp, in it is the filing at the time if you look them up. Apparently he has hired one or two people since then...He stated 3 months ago in a video he should have some product by now? Where is it? Also, come Saturday when all the pot is sold out that will be it until the alcohol distributors can get licensed. You read about that, right? Right? It is all there under Nevada's emergency ruling/order right?
Also, the GLFH is owned by other people, do you know who they are? I doubt it.
"On February 2, 2017, we issued 1,000,000 shares of common stock valued at $11,400 to the landlord of our leased facility as payment on a subscription payable from an October 14, 2016 award."
That is how you pay rent? Really? Wow....This company has been listed since 1998 and no where can you find a profit year over year other than 31 million loses it has reported.
He does not only sells shares but bater shares too.
On February 2, 2017, we issued 1,000,000 shares of common stock valued at $11,400 to the landlord of our leased facility as payment on a subscription payable from an October 14, 2016 award.
On January 22, 2017, the Company issued 2,000,000 shares of common stock to its CEO for board services performed. The total fair value of the common stock was $34,600 based on the closing price of the Company’s common stock on the date of grant.
On January 22, 2017, the Company issued 2,000,000 shares of common stock one of its three Directors for board services performed. The total fair value of the common stock was $34,600 based on the closing price of the Company’s common stock on the date of grant.
On January 22, 2017, the Company issued 3,000,000 shares of common stock one of its three Directors for board services performed. The total fair value of the common stock was $51,900 based on the closing price of the Company’s common stock on the date of grant.
On January 22, 2017, the Company issued 200,000 shares of common stock for professional services to a consultant for services provided. The total fair value of the common stock was $3,460 based on the closing price of the Company’s common stock on the date of grant.
On January 22, 2017, the Company issued 500,000 shares of common stock for professional services to a consultant for services provided on behalf of our subsidiary, GLFH. The total fair value of the common stock was $8,650 based on the closing price of the Company’s common stock on the date of grant.
On January 22, 2017, the Company issued 150,000 shares of common stock for administrative services to a consultant on behalf of our subsidiary, GLFH. The total fair value of the common stock was $2,595 based on the closing price of the Company’s common stock on the date of grant.
On January 22, 2017, the Company issued 150,000 shares of common stock for administrative services to a consultant for services provided. The total fair value of the common stock was $2,595 based on the closing price of the Company’s common stock on the date of grant.
"To conserve on the Company’s capital requirements, the Company has issued shares in lieu of cash payments to outside consultants, and the Company expects to continue this practice. In the three months ended March 31, 2017, the Company granted a total of $138,400 stock-based compensation, consisting of 2,000,000 shares of common stock valued at $34,600 as a bonus to our CEO, as well as an aggregate 5,000,000 shares of common stock valued at $86,500 to our Directors and an aggregate 1,000,000 shares valued at $17,300 to other service providers, compared to a total of 6,250,000 shares of preferred stock valued at $192,000 in lieu of cash payments to our CEO, compared to the issuance of 13,949,339 shares of common stock valued at an aggregate of $205,283 in lieu of cash payments to employees and outside consultants during the three months ended March 31, 2016. The Company is not now in a position to determine an approximate number of shares that the Company may issue for the preceding purpose in the remainder of 2017."
Because the company has no cash other than 11k as reported by the company at time of last quarter filings.
Someone says that selling shares is not dilution? Since when?
In truth this is a trading stock and the present form of the company now has too many shares out. Another possibility is the company if they do not spin off their 84% of GLFH and they start to look viable you will get a reverse split...To think you can buy a shell company on Nasdaq for 1 million or so dollars are dreaming.....1.2 billion shares out there lol...
Good luck with that.....Company has no market share of anything. The license are not as special when others are being licensed or temporary licensed. Right now you have a run up but it will fall back to a point but do not expect a 1.2 billion market cap on a company that so far has produced is shares and hot air....
And all those warrants out too......
I would bet that many people given shares including this company are selling them in this run. Otherwise, how else are they going to fund their operations? Selling pot? What pot? Haven't they had a year since zoning approved their leased building to produce? Where is the pot?
This is not an investment. You are investing in a penny stock. You are investing in a person who has losses since 1998 straight year over year. You have 1.2 billion float and a cap that is laughable with 132k in sales and 31 million loses. Yeah, you would think anyone can sell a bag of dope and make money but we will see...Trading stock that is all this worth. I would take profits by Fri and watch it settle back. I hope it does not drop to fast but it will have to drop back. By the way, look up car companies on wiki a hundred years ago..You will find hundreds listed that never made it and it is the same thing here as was the internet. You need to look at market share and this company has no share of any market at this point. I am not saying that they will never be a real company making profits but you will never get rich here...You may be left holding PNTV while that GLFH may be their new vehicle to paradise. Why the name change? Why the incorporation? All about PNTV on this message.....They company and its founder shows no background either in cultivation of pot or agriculture in general. He does appear to know how to sell a story and tons of shares with it going back 20 years since 1998.....Have a nice day and thanks to all who has given me a different tone. If you are familiar with the name below I am the one who came up with it back in 97 on the yahoo boards went up...You may know me? Heard of me? Or maybe not..You will now...
SayZero
